All Things Cryptos.Forex.Stocks — 03/31/2018 (Weekly Blog)

iTradePrice
5 min readMar 31, 2018

Another volatile & happening WEEK comes to an end for the financial markets. Time for some reflection — so let’s get started.

The Crazy Cryptoverse

The #cryptoverse continues to reel with more bad news — following Facebook & Google, Twitter, LinkedIn & Mail-chimp have all banned crypto advertising. This has put further pressure on the the downward spiral in the alt.coins prices. Bitcoin is hanging perilously close to its previous low while other crypto coins have either caved in to the long term support levels or about to do so. To top all of this the regulation talk has intensified further with 5 crypto exchanges shut down in Japan (second largest & most receptive crypto market).

The total market cap of cryptos has slid further this week from $344 billion to $ 265 billion at the time of writing.

RESISTANCE/SUPPORT PRICE LEVELS OF TOP 5 CRYPTOS:

Bitcoin (bearish)R1: $7800 R2: $9200 S1:$6700 S2: $5800

Ethereum (bearish)R1: $455 R2: $570 S1:$385 S2: $355

Ripple (bearish)R1: $0.65 R2: $0.85 S1:$0.30 S2: $0.17

Litecoin (bearish)R1: $137 R2: $150 S1:$107 S2: $85

Bitcoin Cash(bearish)R1: $880 R2: $1130 S1:$660 S2: $520

MAJOR NEWS & HEADLINES:

China — filed for most blockchain patents in 2017

Ripple & Santander — join forces to launch an international money transfer App

Litepay — shuts down amid scam concerns with Litecoin giving up all the gains it had achieved leading up in anticipation of the launch

Bithumb — Launching New Service to Allow Crypto Payments at 6000+ Physical Stores across South Korea (3rd largest crypto market)

Twitter — bans crypto advertisements following Facebook & Google

Bank of England — to Test DLT Use in New Settlement System to connect with distributed ledger networks

Ford — filed for a patent to Use Cryptocurrencies to Ease Traffic congestion

Coinbase — announces it will add ERC20 support to its’ platform

--

--

iTradePrice

iTradePrice is a Twitter based platform for active traders interested in chart-based trading setups and technical analysis.